Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
116 hedge funds and large institutions have $204M invested in Potbelly in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 41 increasing their positions, 43 reducing their positions, and 26 closing their positions.
35% more call options, than puts
Call options by funds: $3.44M | Put options by funds: $2.54M
5% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 43
2.18% less ownership
Funds ownership: 73.24% → 71.06% (-2.2%)
8% less funds holding
Funds holding: 126 → 116 (-10)
20% less capital invested
Capital invested by funds: $255M → $204M (-$50.3M)
38% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$13.2M |
| 2 |
Morgan Stanley
New York
|
+$12.7M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$4.35M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.06M |
| 5 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$11.1M |
| 2 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$8.05M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.85M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
-$6.64M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.29M |
PBPB Hedge Fund Activity: Q2 2017 in Review
116 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2017, worth a combined $204M — down 20% from $255M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PBPB and 16 opened new positions — a net loss of 10 holders — while 43 trimmed existing stakes and 41 added.
The largest buyer was Ancora Advisors, opening a new position worth an estimated $13.2M. The largest seller was ClearBridge LLC (Maryland), exiting entirely with an estimated $11.1M sold.
- 116 institutional investors held Potbelly (PBPB) as of Q2 2017, down from 126 in Q1 2017.
- Funds reported $204M of Potbelly stock for Q2 2017, down 20% quarter-over-quarter.
- 16 funds opened new Potbelly positions in Q2 2017 and 26 closed out, a net change of -10 holders.
- The largest Potbelly buyer in Q2 2017 was Ancora Advisors, an estimated $13.2M added.
- The largest Potbelly seller in Q2 2017 was ClearBridge LLC (Maryland), an estimated $11.1M sold.
Based on aggregated 13F filings for Q2 2017.